Sentiment, thats the word. Have a great weekend. See yall later. Good afternoon, everyone, im charles payne, this is making money. Breaking right now, full of sound and tour fury fury, but what does todays jobs report really signify . The soft landing camp are claiming victory, but the recession camps continue the make solid points. Weve got it covered for you with. Is it finally time to sell those hot tech stocks . If so, whats the next big with play . What if i told you someones saying commodities . And it was a great week for big banks as jay powell rode to the rescue, but will anyone come to the rescue of Community Banks . President biden demanding that the the rich corporations and powerful pay their pair share. My question is, what the heck is fair share . Id love to hear from you. Tweet me cbpayne. Plus, my takeaway on americas economy being the envy of the world. Why would we change it . All that and so much more on making money. Charles all right, so we were told last night th
have been allowed to cross. healthy average american neanderthal want to live in an open state. they let people go across the border. wins las vegas. great job. ainsley: good morning to you. it is 6:01 here on the east coast. thanks for waking up with us. brian is back. he was down there in florida. brian: i was with you on friday. like you never missed me. ainsley: you went to interview desantis that was shot so beautifully. his wife is so cute. they have all their kids in the governor s mansion with him. you will see the whole interview. brian: a couple of parts spending the day in florida where you can walk around. people are happy. they wear masks inside when they are supposed to. they can walk outside alone without one. it is interesting. steve: that will come up in half an hour. ainsley: steve and brian spent a lot of time in florida. i will come with you all. steve: florida is where the action is. it is 22 degrees in new york city. we re going up to 60 tomorr
Good morning very warm welcome to Worldwide Exchange. Im wilfred frost. Im Courtney Reagan in for sara eisen thanks for having me no shortage of news today. We have a lot to talk about. And its friday what more could we want . Great to have you with us. Lets check in on the market picture. We got a laterally yesterday, pretty much in line with when President Trump announced jay powell as his pick for the fed we saw markets rally up towards the close. Not a huge rally but the nasdaq ended essentially flat the dow up 0. 35 the s p was up fractionally. Banks rallied a bit as well. Jay powell in a short speech had time to say he felt the banks were safer than they used to be. That was encouraging in terms of the deregulatory outlook this morning were pointing higher the dow up by 17 points. Nasdaq by 19 s p by 1 tenyear treasury note has seen yields slip significantly over the past week or so. Down to the mid 2. 3 level. 2. 35 . Looking at the action around the world starting with asia we
Good morning. Welcome to Worldwide Exchange. Happy friday. Happy jobs day. Im sara eisen. Cheers to the weekend. Is that what this songs said . Its not the hands up for the weekend, but the same theme. Its friday. Thank the good lord. And youre wilfred frost. And a very good morning to you. I was going to come to that. Okay. I am wilfred frost, by the way. Good morning to you all. Lets get to the markets, check in with whats happening this morning. Yesterday a bit of a roller coaster session. We ended up with the nasdaq up 0. 2 . Continuing its relative outperformance from other indices so far this year. The s p 500 was bang on flat. The dow was down abot one point. We expect another slight negative open today. The dow down 22 points. Nasdaq down 2. S p down 1. In terms of stock and sector performance, it was the outperformers of the last two, three months that did suffer yesterday. Some profit taking. We saw a big pull back in yields. Hit a low of 2. 34 . So, significantly now down, r
Adp showing private sector jobs up by 200,000 in september, that beats forecasts. So far in q3 the dow and s p are down almost 9 . The nasdaq has fallen about 9. 25 . Im sure you have seen the Global Market cap at twoyear lows, below 60 trillion. 11 trillion lost money. I think its important to point out that there were some huge orders from some large mutual funds at the close yesterday, fiscal year does end for a lot of mutual funds. September 30th, gives you a fuel three months to figure out what to do with the money that you get that they take from capital gains. I think they were a huge part of the problem in the last few days, getting out of strongs. I think a lot of the Fund Managers have turned bearish. I think you get a bounce because the fiscal year is over today and theyre not selling. Thats more important than any piece of data. A lot of discussion about the cash balances being low. As people wanted to exit they had to sell. Right. I think its important. This is a flow of f